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Coronavirus Resources

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COVID-19 FEDERAL AGENCY ACTIONS & RESOURCES

Contacting Senator Paul for Assistance

Senator Paul is ready to provide assistance to all Kentuckians in need of help navigating the federal response and ongoing community needs related to COVID-19. Please contact our state office at 270-782-8303.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act

The CARES Act provides for $2 trillion in emergency aid as we combat COVID-19. Below are summaries of key provisions in CARES and what the money appropriated through CARES will do. Should you have specific questions about what these resources mean for you, do not hesitate to contact our Constituent Services Team in our state office at 270-782-8303.

Be suspicious if you receive calls, emails, or other communications claiming to be from the Treasury Department and offering COVID-19 related grants or stimulus payments in exchange for personal information, or an advance fee, tax, or charge of any kind, including the purchase of gift cards, as these may be scammers.

Contact www.ic3.gov to report suspicious communications.

Guidance from the Department of Health and Human Services, the Department of Defense, and the Federal Emergency Management Agency on How You Can Help

Department of Health and Human Services (HHS)

HHS is the lead agency responding to the public health challenges posed by COVID-19. They have assembled substantial COVID-19 resources and responses to FAQs here, via the Centers for Disease Control and Prevention (CDC): https://www.cdc.gov/coronavirus/2019-ncov/index.html

Small Business Administration (SBA)

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.

Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).

SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance.

Once a declaration is made for designated areas within a state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities as well as updated on our website: SBA.gov/disaster

SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance per small business and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.

SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.